What is the name of the item what does it do and how much does it cost
Bard: Caretakers Upgrade: cost: 2000 gold active: causes shrines to be fully upgraded and untouchable for 10 seconds by enemies and heals all allies for a percent of missing health 100 second cd
Warplate of the Revenant (Melee only)
3500 gold
500 health
10% cdr
5% MS
Unique passive; Dark Crusader Enemies struck by magic damage have their MS and Magic resist reduced by 5%, stacks up 3 times.
Warden's Lament - 2300 gold
10% CDR
100 mana
Unique Aura - Grasp of the Chained
All enemies around you have a 10% slow and receive 10% less healing from all sources
Sona:
Surround Sound Speakers (5,000g)- Sona's dank beats are now global (available only if there is an enemy DJ Sona)
Nightfall - 4200 gold +100 Attack damage Basic attacks grant Mace of spades stacks up to 10 times
Mace of spades - Mace of spades adds 15 true damage per stack lasts 2 seconds
Dragon's fang.
3200 gold. 65 damage. 10 armor penetration.
Unique passive: Damaging enemies at full health lowers their armor by 10 percent and inflicts grievous wounds for five seconds. (Can only activate upon attacking an enemy with a full HP bar. Enemies not at full HP are not effected.)
The recent 
changes inspired me to a version of Spellvamp that is more balanced between single target and AoE:
Moon's Crescent http://i.imgur.com/6dnAM9b.jpg
+
+50g = 2100g 75 AP 5% MS Unique Passive Alignment: Your spells heal you for 15% of the damage dealt over 3 seconds. AoE effects heal you for 15% of the damage dealt over 1 + 1 second for every target hit.
And the full Soraka inspired item:
Starcaller's Staff http://i.imgur.com/czwsiKz.png +
+ 200g = 3500g 120 AP 45 Armor 7% MS Unique Passive Alignment: Your spells heal you for 15% of the damage dealt over 3 seconds. AoE effects heal you for 15% of the damage dealt over 1 + 1 second for every target hit
Unique Passive: Your shields and healing on allies are increased by 15%
Riven.
Exiles Blade. (Melee only)
Builds out of BF, Serrated Dirk, Caulfields.
90AD. 5% bonus movement speed 20% CDR. Unique passive flat 40% total armor pen
Jester's Knife
+ 
+ 500 gold (Total cost 3200)
+30 AD +30 AP +200 Health +15 Armor Penetration +15 Magic Penetration Unique Passive: After killing any unit, your next basic attack or single target spell deals +50 True damage.
I actually kind of want feedback here. I feel like the low stats and high cost make up for the situational true damage, but what do you all think of this as a dedicated hybrid penetration item?
EDITED STATS:
+ + 600 gold (Total cost 3300 gold)
+40 AD +50 AP +20 Armor Penetration +20 Magic Penetration +200 Health Unique Passive: After killing any unit, your next basic attack or single target spell deals +25 True Damage.
Victor's Rapier (Melee only)
+
+ 
+800g
150 hp
50 ad
15 armor pen
Unique Passive: Cleave- All auto attacks apply 75-125% of their damage as magic damage in a line in front of you, damage increasing based on how far away they are.
Unique Active: Victory- Target enemy procs 4 vital marks, each dealing 2.5% of their max hp as magic damage. Hitting all of the marks deals an additional 5% of their max hp as physical damage and heals Fiora for the damage dealt. 120 sec cd.
Mask of Twilight (Melee Only)
3200 gold
600 health
10% movement speed
30% Attack Speed
Unique Passive: When channeling an ability, create a spell shield of 80 + (10 X champion level). When the shield breaks, gain 50% attack speed and movement speed for 10 seconds.
This is made to punish those who interrupt me when I'm channeling my ult. Screw you, Riven, Garen, Renekton, etc.
Kassadins void stone. Two amplifying tomes, full thing costs 1100 gold. Decreases mana costs based on your ap.
Tricksters Trident
+ + 
+ 600 gold (Total Cost:3500)
+110 Ap +30 Magic resit +12% Spell Vamp
Unique Passive: Apon Becoming Untagetable, Your next basic spell Does 10% increased Damage and Heals you for 20% of Damage Dealt (25 Second cooldown)
Eye of the Void
+ + 400 gold. (Total Cost 2800 Gold)
50 AP 400 Health +15 Magic Penetration
Unique Active: Far-sight. (same as the blue trinket.)
3 items because I said so and they work together
Blowgun
+ 
+ 735 gold = 1670 gold
+20% Attack Speed +20 Ability Power +10 Magic Penetration
Blow Dart
+ + 150 = 1020 gold
+40 Ability Power
UNIQUE Passive: Poison: Enemies hit take 5(+1 per level) magic damage per second for 3 seconds, does not stack.
Scout's Tool
Blowgun + Blow Dart + 310 = 3000 gold
+25% Attack Speed +60 Ability Power +10 Magic Penetration
UNIQUE Passive: Poison: Enemies take 5(+2 per level) magic damage per second for 3 seconds on-hit, does not stack. UNIQUE Passive: Dart: Enemies take 10 damage on-hit.
Works well with:
As the name and origin suggests, this amps up his AA damage and DoT by a lot as well as gives him every stat he needs.
The mix of AP, attack speed, and the on-hit works great for Kayle. The magic penetration doesn't hurt either.
The ability power, attack speed, and combination with the passive works wonders with his W. The early magic penetration rush with Blowgun works wonders in the laning phase as well, and is a better rush than Haunting Guise because Liandry's isn't that good of an item for him.
Every stat on this item works well for Jax- the AP, the magic penetration, the attack speed, and the passive on-hit. The only thing better it could use is health, but when going AP Jax this is a good mid-game item to get.
So I was gonna go full fledged and put all the numbers together to the 'T', then realized... that would take sooo long. So I did a basic average.
Balance
+ + 20g
Passive: Immortality- You cannot be killed
Active: The Balance of Demacia-Your champion suddenly kills the entire enemy team Cooldown: 30 seconds
Death's Embrace
+ 
+ 
3600 Gold.
+40 Attack Damage +20% Attack Speed +25% Critical Chance +5% Movement Speed
Unique Passive: +40% Bonus Armour Penetration Unique Active; Crippling Dread: Slows a single enemy champion by 40% for 5 seconds, and deals 10% of their current health on a third basic attack (4 second time limit). (55 second cooldown)
Feedback?
Your*
Codpiece of the Protector
+
+
+1100G
+450 Health
+300 Mana
+50 Armor
UNIQUE Active: Gyrate: For 3 seconds, dodge all incoming attacks. After this effect ends, for each attack dodged, gain 5 armor, up to a maximum of 20, that decays over 5 seconds. (120 second cooldown)
: Bombardier Launcher (Ranged Only)
+1000g
+80 Attack Damage +80 Ability Power 40% Attack Speed 40% Critical Strike Chance 5% Movement Speed
Unique Passive: Movement and Attacks energizes this item to 100
Unique Active: When used on a target, a rocket is launched and explodes upon impact, dealing true damage 15% of total attack damage and ability power, healing you for 5%. You are able to shoot enemies at a range 150 more than your auto-attack range.
- Scales of Justice
Builds out of + + 
+ 250g for a total of 3800g.
+200 HP +100 AP +20% Spell Vamp Passive - Unique: 15 Magic Penetration. Active - Unique: Target enemy champion takes true damage equal to half the difference between their current health and yours (up to AP*2.5 or your missing health, whichever is lower), and you heal for the same amount. If the enemy champion has less health than you, the effect is reversed, dealing true damage to you and healing them. 250 range, 180 second cooldown.
It serves several purposes:
Quadruple Contact Lens
/
/
/
+ 800g
Passive:
Increases vision range by 15%
(Also increases the zoom-out cap to match your vision range)
Active:
Keeps the active part of it's component
Th Storms Wake (Melee only)
3150 gold = 
+ 
+ + 650 gold
750 Health
60 Armor
20% attack speed
Unique Passive: Lighting Charge charges stacks and at 100 stacks deals a small lighting chain (his ultimate) but only does to 2 targets (deals 50 damage to each target hit)
I don't think I understand how this game is played...
Already done!
/thread
